The RBA decision is at 0330 GMT (10:30 pm ET). A quick preview
The Reserve Bank of Australia interest rate decision is as close as it gets. The Australian cash rate futures market prices the chance of a cut at 49.2% and no cut at 50.8%.
This is what the AUD/USD chart looks like:
Here are some things to read while you're waiting.
- Forex technical analysis: AUDUSD preparing for RBA decision
- Why the RBA may cut interest rates
- RBA to cut rates Tuesday - implications for the Australian dollar (BoA/ Merrill Lynch)
- Citi: Data point another reason for the RBA to cut rates this week
- JPMorgan changes their RBA forecast - expect a cut on Tuesday
McCrann in February said it would be a shock if the RBA cut rates today but in a video late last week he said "On balance, I think it's probably more likely the Reserve Bank will sit on its hands on Tuesday."
Bloomberg surveyed 29 economists and 18 believe they will cut.
